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Fair Value Measurements (Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs) (Level 3) (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance $ 831 $ 438 $ 804 $ 380
Included in earnings (29) 13 (42) 103
Purchases/originations 120   174 (1)
Settlements (24) (43) (41) (76)
Transfers Into Level 3 [1] 4 4 7 6
Ending Balance 902 412 902 412
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] (41) 3 (76) 53
Residential Mortgage        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance 141 160 143 167
Included in earnings 1 1 1 3
Purchases/originations 0   0 0
Settlements (4) (11) (9) (22)
Transfers Into Level 3 [1] 4 4 7 6
Ending Balance 142 154 142 154
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] 1 1 1 3
Mortgage servicing rights        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance 776   744  
Included in earnings (47)   (70)  
Purchases/originations 120   (175)  
Settlements 0   0  
Transfers Into Level 3 0 [1]   0  
Ending Balance 849   849  
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held (47) [2]   70  
Interest Rate Contract        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance 11 [3] 25 [4],[5] 8 [3] 12 [4],[5]
Included in earnings 26 [3] 43 [4],[5] 49 [3] 84 [4]
Purchases/originations 0 [3]   (1) [3] (1) [4]
Settlements (28) [3] (38) [4],[5] (47) [3] (65) [4]
Transfers Into Level 3 [1] 0 [3] 0 [4],[5] 0 [3] 0 [4]
Ending Balance 9 [3] 30 [4],[5] 9 [3] 30 [4],[5]
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] 14 [3] 33 [4],[5] 15 [3] 34 [4]
Equity Contract        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation        
Beginning Balance (97) [3] 253 [4],[5] (91) [3] 201 [4],[5]
Included in earnings (9) [3] (31) [4],[5] (22) [3] 16 [4]
Purchases/originations 0 [3]   0 [3] 0 [4]
Settlements 8 [3] 6 [4],[5] 15 [3] 11 [4]
Transfers Into Level 3 [1] 0 [3] 0 [4],[5] 0 [3] 0 [4]
Ending Balance (98) [3] 228 [4],[5] (98) [3] 228 [4],[5]
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held [2] $ (9) [3] $ (31) [4],[5] $ (22) [3] $ 16 [4]
[1]

Includes certain residential mortgage loans originated as held for sale that were transferred to held for invest ment.

[2]
  • Includes interest income and expense .
  • Effective January 1, 2017, the Bancorp has elected the fair value measurement method for all existing classes of its residential mortgage servicing rights. The servicing r ights were measured at fair value at June 30 , 2017 and were measured under the amortization method at December 31, 2016 .
[3]

Net interest rate derivatives include derivative assets and liabilities of $ 14 and $ 5 , respectively , as of June 30, 2017 .

[4]

Net interest rate derivatives include derivative assets and liabilities of $34 and $4 , respectively, as of June 30, 2016 . Net equity derivatives include derivativ e assets and liabilities of $327 and $99 , respectively, as of June 30, 2016 .

[5]

Net interest rate derivatives include derivative assets and liabilities of $ 34 and $ 4 , respectively, as of June 30, 2016 . Net equity derivatives include derivative assets and liabilities of $ 327 and $ 99 , respectively, as of June 30, 2016 .